Frequently Asked Questions
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Alaknanda-5
Village Shantarshah And Panchyanpur, Haridwar, Uttrakhand
HERO REALTY PRIVATE LIMITED
ALAKNANDA-5 is a promising residential plotted development located in the serene surroundings of Village Shantarshah and Panchyanpur, Tehsil Roorkee, District Haridwar, Uttarakhand. This project is designed to offer a harmonious blend of modern living and natural beauty, making it an ideal choice for families and individuals looking for a peaceful yet connected lifestyle.
The project spans over 1.6 hectares and features a variety of residential plots, catering to diverse needs and preferences. The strategic location ensures easy access to essential amenities such as schools, hospitals, and shopping centers, while also providing a tranquil environment for residents to enjoy.
ALAKNANDA-5 is developed by HERO REALTY PRIVATE LIMITED, a reputable name in the real estate sector, ensuring quality and timely delivery. The project is currently under construction, with possession expected in the third quarter of 2024. This timeline allows potential buyers to plan their future accordingly, making it a great investment opportunity.
The project emphasizes sustainable living with features that include rainwater harvesting systems and energy-efficient designs. Residents can look forward to a community that values eco-friendly practices and modern conveniences.
With a focus on creating a vibrant neighborhood, ALAKNANDA-5 is poised to become a sought-after destination in Haridwar. Whether you are looking to build your dream home or invest in a promising asset, this project offers everything you need for a fulfilling lifestyle.
What is ALAKNANDA-5?
ALAKNANDA-5 is a residential plotted development located in Village Shantarshah and Panchyanpur, Tehsil Roorkee, District Haridwar, Uttarakhand.
Who is the developer?
The project is developed by HERO REALTY PRIVATE LIMITED, a reputable real estate company.
What are the nearby amenities?
The project is close to schools, hospitals, and shopping centers, ensuring convenience for residents.
How is the connectivity?
ALAKNANDA-5 is well-connected to major roads and highways, facilitating easy access to Haridwar and surrounding areas.
When is the possession date?
Possession is expected in Quarter 3 of 2024.
Is this a good investment opportunity?
Yes, with its strategic location and quality development, ALAKNANDA-5 presents a promising investment opportunity.
Basic Information
- Price Range:
- Property Type: Residential Plot
- Flat Type:
- Project Status: Under Construction
Project Details
- Possession Date: Quarter 3 2024
- Project Span: 1.6 Hectares
- No of Towers:
- Total No of Units: 100+
- Total Floors:
- Project Density:
Location & Builder
- Project Name: Alaknanda-5
- Address: Village Shantarshah And Panchyanpur, Tehsil Roorkee, Haridwar, Uttrakhand
- Sector: Others
- Locality: Village Shantarshah And Panchyanpur
- City: Haridwar, Uttrakhand
- Builder: HERO REALTY PRIVATE LIMITED
RERA Authority
Uttarakhand Real Estate Regulatory Authority
RERA Registration Number
UKREP10190000312
Explore the Neighborhood
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HERO REALTY PRIVATE LIMITED
- No of Complaints: Not Available
- States (Active in): Punjab
HERO REALTY PRIVATE LIMITED: An Overview of Complaints, Legal Outcomes and Buyer Advice
When it comes to investing in real estate, choosing the right builder is crucial. For potential homeowners, understanding the legal and operational reliability of builders can significantly influence your investment decisions. This post takes a closer look at HERO REALTY PRIVATE LIMITED, analyzing their track record through the lenses of complaints and legal cases.
Builder Overview
HERO REALTY PRIVATE LIMITED has faced a considerable number of legal challenges, with a total of 27 complaints filed against them. Out of these, the builder has won 3 cases and lost a staggering 24 cases. Their operations are mainly focused in Punjab, although there is limited information on other states where they might have projects.
Legal Case Analysis
1. Lost Cases: Patterns and Common Factors
Most of the losses for HERO REALTY appear to correlate with claims regarding delays in possession and failing to meet project completion timelines. Key patterns observed include:
- Force Majeure Claims: The builder often cited force majeure events as reasons for delays in possession, particularly during the pandemic. However, legal authorities frequently dismissed these claims, highlighting that the builder did not adequately justify their inability to deliver on time.
- Dismissal of Appeals: In multiple instances, appeals filed by the builder were dismissed “devoid of merit.” This suggests a consistent challenge in substantiating their claims in legal settings.
- Failure to Pay Interest: There is a recurring theme of the builder being ordered to pay interest for delays, indicating that they might have underestimated the financial implications of their actions on customer relationships.
2. Won Cases: Insights into Successes
On the flip side, HERO REALTY has seen some legal victories, albeit limited in number. Common factors in winning cases include:
- Settlements: Most of the successful outcomes stemmed from withdrawn appeals or mutual agreements between parties. This indicates that while direct … Read more
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